Difference between revisions of "Wayne Savings Community Bank"

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m (Text replacement - "Consumer Lending" to "Credit Institutions")
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{{Current Contact Information
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{{Organization
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| address=1908 Cleveland Rd
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|Organization name= Wayne Savings Community Bank
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| city=Wooster
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|Logo=  
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| state=Ohio
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|Images=
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| zip=44691
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|Trading name=  
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| phone=<ul><li>Toll Free: 8004141103</li><li>Phone: (330) 264-2563,(330) 264-0722,(330) 262-5988,(330) 264-5767</li><li>Fax: 3302640663,3302642895,3302631935,3302645908</li></ul>
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|Industries={{Industry
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| contact=H Stewart {{Surname|Fitz Gibbon}}
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|Industry sector=Finance and Insurance
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| title=
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|Sub-Industry=Credit Institutions; Commercial Banking; Savings Institutions
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| email=
 
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| updated=2016-03-23
 
 
}}
 
}}
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|Status=Active
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{{Infobox company
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|Fate=
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| name            = Wayne Savings Community Bank
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|Fate other=
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| logo            =  
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|Predecessor=  
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| logo_caption    =  
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| image            =
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|Day Start=
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| image_size      =  
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|Month Start=
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| image_caption    =  
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|Year Start=1899
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| trading_name    =  
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|Start date=1899
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| native_name      =  
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|Founders={{Founder
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| native_name_lang = <!-- Use ISO 639-1 code, e.g. "fr" for French. Enter multiple names in different languages using {{tl|lang}}, instead. -->
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|Name of person=
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| former_name      =  
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}}
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| former type      =  
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|End date= <!-- {{End date|YYYY|MM|DD}} Please KEEP this total field-->
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| type            = Credit Institutions; Commercial Banking; Savings Institutions
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|Locations={{Location
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| traded_as        =  
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|Is primary=Yes
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| industry        = Finance and Insurance
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|Address label=
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| fate            = Active
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|Building number=151
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| predecessor      =  
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|Street=N. Market St.
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| successor        =  
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|City=Wooster
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| foundation      = {{Start date|1899}}
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|Township=Wooster
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| founder          =  
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|County=Wayne County
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| defunct          = <!-- {{End date|YYYY|MM|DD}} Please KEEP this total field-->
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|State=Ohio
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| location_city    = [[Wooster, Ohio]]
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|Zipcode=44691
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| location_country = United States
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|Country=United States
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| locations        = [[Cleveland Rd|1908 Cleveland Rd]], [[Wooster, Ohio]]
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|Is time bound=
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| area_served      =  
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|Period from year=
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| key_people      = <ul><li>H Stewart {{Surname|Fitz Gibbon}}</li><li>Lorri {{Surname|Brandenburg}}</li><li>Shawn {{Surname|Doheny}}</li><li>Myron {{Surname|Swartzentruber}}</li><li>Ursula {{Surname|Lehman}}</li><li>Katheleen {{Surname|Neusbaum}}</li><li>Jeff {{Surname|King}}</li><li>Phillip E {{Surname|Becker}}</li><li>Daniel R {{Surname|Buehler}}</li><li>Jonathan {{Surname|Ciccotelli}}</li><li>Terry A {{Surname|Gardner}}</li><li>David L {{Surname|Lehman}}</li><li>Glenn W {{Surname|Miller}}</li><li>Peggy J {{Surname|Schmitz}}</li></ul>
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|Period until year=
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| products        =  
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}}{{Location
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|Is primary=Yes
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| services        =  
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| revenue          =  
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|Building number=1908
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| operating_income =  
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|Street=Cleveland Rd.  
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| net_income      =  
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|City=Wooster
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| aum              = <!-- Only for financial services companies -->
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|Township=Wooster
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| assets          =  
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|County=Wayne County
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| equity          =  
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|State=Ohio
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| owner            =  
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|Zipcode=44691
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| num_employees    =  
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|Country=United States
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| parent          =  
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|Is time bound=
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| divisions        =  
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| homepage        = http://waynesavings.com
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|Note=
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}}{{Location
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| intl            =  
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|Is primary=Yes
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| bodystyle        =  
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|Building number=2024
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|Street=Millersburg Rd.  
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|City=Wooster
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|County=Wayne County
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|County=Wayne County
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|Street=N. Main St.  
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|Township=Milton
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|County=Wayne County
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}}{{Location
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|Building number=90
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|Street=N. Clay St.
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|City=Millersburg
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|State=Ohio  
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|Zipcode=44654
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}}
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|Key persons={{Staff
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|Full name=<ul><li>H Stewart Fitz Gibbon
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|Role=
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|Period from year=
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}}{{Staff
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|Full name=</li><li>Lorri Brandenburg
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|Role=
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|Full name=</li><li>Shawn Doheny
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|Role=
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}}{{Staff
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|Full name=</li><li>Myron Swartzentruber
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|Role=
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|Period from year=
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|Period until year=
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}}{{Staff
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|Full name=</li><li>Ursula Lehman
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|Role=
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|Period from year=
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|Period until year=
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}}{{Staff
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|Full name=</li><li>Katheleen Neusbaum
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|Role=
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|Period from year=
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}}{{Staff
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|Full name=</li><li>Jeff King
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|Role=
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}}{{Staff
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|Full name=</li><li>Phillip E Becker
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|Role=
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}}{{Staff
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|Full name=</li><li>Daniel R Buehler
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|Role=
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|Period from year=
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|Period until year=
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}}{{Staff
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|Full name=</li><li>Jonathan Ciccotelli
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|Role=
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}}{{Staff
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|Full name=</li><li>Terry A Gardner
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|Role=
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|Period from year=
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|Period until year=
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}}{{Staff
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|Full name=</li><li>David L Lehman
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|Role=
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|Period from year=
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|Period until year=
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}}{{Staff
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|Full name=</li><li>Glenn W Miller
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|Role=
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}}{{Staff
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|Full name=</li><li>Peggy J Schmitz
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|Role=
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|Period from year=
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|Period until year=
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}}
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|Brand=  
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|Owners={{Staff
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|Owner name=
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|Owner from year=
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|Owner until year=
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}}
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|Number of employees=  
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|Parent organization=  
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|Division=  
 
}}
 
}}
  
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==Locations==
 
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*  {{Address | number=151 | street=N. Market St. | city=Wooster | state=Ohio | zip=44691 | categorize=true | primary=true | township=Wooster }}
 
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*  {{Address | number=1908 | street=Cleveland Rd. | city=Wooster | state=Ohio | zip=44691 | categorize=true | primary=true | township=Wooster }}
 
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*  {{Address | number=2024 | street=Millersburg Rd. | city=Wooster | state=Ohio | zip=44691 | categorize=true | primary=true | township=Wooster }}
 
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*  {{Address | number=543| street=Riffel Rd. | city=Wooster | state=Ohio | zip=44691 | categorize=true | primary=true | township=Wayne }}
 
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*  {{Address | number=121 | street=N. Main St. | city=Creston | state=Ohio | zip=44217 | categorize=true | primary=true | township=Canaan }}
 
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*  {{Address | number=237 | street=N. Main St. | city=Rittman | state=Ohio | zip=44270 | categorize=true | primary=true | township=Milton }}
 
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*  {{Address | number=233 | street=Claremont Ave. | city=Ashland | state=Ohio | zip=44805 | categorize=true | primary=true }}
 
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*  {{Address | number=1055 | street=Sugarbush Dr. | city=Ashland | state=Ohio | zip=44805 | categorize=true | primary=true }}
 
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*  {{Address | number=303 | street=Highland Dr. | city=Lodi | state=Ohio | zip=44254 | categorize=true | primary=true }}
 
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*  {{Address | number=90 | street=N. Clay St. | city=Millersburg | state=Ohio | zip=44654 | categorize=true | primary=true }}
 
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*  {{Address | number=1265 | street=S. Main St. | city=North Canton | state=Ohio | zip=44720 | categorize=true | primary=true }}
 
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==City Directories==
 
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* 
 
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==Comprehensive History==
 
 
<!-- Long version of the company history -->
 
<!-- Long version of the company history -->
 
In 1899, The Wayne Building and Loan Company was incorporated as a savings and loan "to bring together the people with money to save and the people who wanted homes"<ref><i>Wayne Savings Community Bank: Celebrating 100 Years, 1899-1999</i>, p.5</ref>. The office was located on the northeast corner of Public Square in an office shared with Jesse McClellan and J. G. Sanborn. By the end of 1899, the business had 241 savings depositors and a healthy annual statement of earnings.
 
In 1899, The Wayne Building and Loan Company was incorporated as a savings and loan "to bring together the people with money to save and the people who wanted homes"<ref><i>Wayne Savings Community Bank: Celebrating 100 Years, 1899-1999</i>, p.5</ref>. The office was located on the northeast corner of Public Square in an office shared with Jesse McClellan and J. G. Sanborn. By the end of 1899, the business had 241 savings depositors and a healthy annual statement of earnings.
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The original building underwent renovations again in 1996-97, and a new financial center opened on Cleveland Road. In 1997, the company changed its name again, this time to Wayne Savings Community Bank.
 
The original building underwent renovations again in 1996-97, and a new financial center opened on Cleveland Road. In 1997, the company changed its name again, this time to Wayne Savings Community Bank.
  
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==Slogans==
 
 
<!-- Bullet listing with date, EX. 1956 - Slogan title -->
 
<!-- Bullet listing with date, EX. 1956 - Slogan title -->
 
* 1930s: Founded on Confidence!
 
* 1930s: Founded on Confidence!
  
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==Historical documents==
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==Quick Facts==
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* 
 
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==Timeline==
 
 
<!-- Bullet listing with date, EX. 1956 - March 6, Brief timeline -->
 
<!-- Bullet listing with date, EX. 1956 - March 6, Brief timeline -->
 
* 1899: The Wayne Building and Loan Company is incorporated
 
* 1899: The Wayne Building and Loan Company is incorporated
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* 1997: Company name changed to Wayne Savings Community Bank
 
* 1997: Company name changed to Wayne Savings Community Bank
  
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==Gallery==
 
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==References==
 
 
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==What Links Here==
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[[Category:Organizations]]
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[[Category:Maintenance BOT]]
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[[Category:151 N. Market St., Wooster, Ohio]]
 
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[[Category:1908 Cleveland Rd., Wooster, Ohio]]
 
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[[Category:2024 Millersburg Rd., Wooster, Ohio]]
 
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[[Category:543 Riffel Rd., Wooster, Ohio]]
 
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[[Category:121 N. Main St., Creston, Ohio]]
 
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[[Category:237 N. Main St., Rittman, Ohio]]
 
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[[Category:Banks and Credit Unions and Credit Unions]]
 
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[[Category:Banks and Credit Unions and Credit Unions (active)]]
 
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[[Category:Banks and Credit Unions and Credit Unions in Ashland, Ohio]]
 
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[[Category:Banks and Credit Unions and Credit Unions in North Canton, Ohio]]
 
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[[Category:Banks and Credit Unions and Credit Unions in Wooster, Ohio]]
 
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[[Category:Businesses established in 1899]]
 
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[[Category:Finance and Insurance businesses in Millersburg, Ohio]]
 
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[[Category:Finance and Insurance businesses in Millersburg, Ohio (active)]]
 
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[[Category:Finance and Insurance businesses in North Canton, Ohio]]
 
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[[Category:Historic Downtown Wooster]]
 
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[[Category:Wayne Savings Community Bank]]
 

Revision as of 03:24, 1 February 2023

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Wiki.png
About
Name
  • Wayne Savings Community Bank
Finance and Insurance
  • Banks and Credit Unions
Facts
Founded
  • 1899
Related
Key Persons
Location
Loading map...
  • Riffel
    • 543 Riffel Rd., Wooster, 44691, Ohio, United States
  • Rittman branch
    • 237 N. Main St., Rittman, 44270, Ohio, United States
  • Market Street branch
    • 151 N. Market St., Wooster, 44691, Ohio, United States
  • Cleveland Road branch
    • 1908 Cleveland Rd., Wooster, 44691, Ohio, United States
    • 2024 Millersburg Rd., Wooster, 44691, Ohio, United States
  • Creston branch
    • 121 N. Main St., Creston, 44217, Ohio, United States

In 1899, The Wayne Building and Loan Company was incorporated as a savings and loan "to bring together the people with money to save and the people who wanted homes"[1]. The office was located on the northeast corner of Public Square in an office shared with Jesse McClellan and J. G. Sanborn. By the end of 1899, the business had 241 savings depositors and a healthy annual statement of earnings.

In 1902, the Directors voted to purchase the lot on the southeast corner of North Market and North Streets at a cost of $900. A two-story building was completed in 1903 and remains an important part of the present Wayne Savings building today[2]. An additional lot was purchased in 1912 for a building addition of buff brick and terra cotta trim, including a fireproof vault, constructed by Long & Bogner of Wooster[3].

The Great Depression led to lean years for the Wayne Building and Loan Company. The Company's June 30, 1930 statement sought to reassure customers that "All money deposited with the Company is loaned only on first mortgage security, and in the future as in the past it will be a continued policy of The Wayne to place SECURITY FIRST in the conduct of its business"[4]. In 1932, for the first time, The Wayne had to lower their dividend below 6 per cent to 5 per cent per annum as well as to require withdrawal notice. The company's assets slowly dwindled through the 1930s until hitting a low point in 1943, but as the nation began to prosper again, so too did The Wayne, and by 1947 the company was able to state in the annual letter to stockholders that The Wayne had nearly doubled in three years' time[5].

The 1960s saw many changes and much growth for The Wayne. In 1961, the company announced its membership in the Federal Savings and Loan Insurance Corporation. In 1964, the company changed its name to The Wayne Savings & Loan Company, and the offices on North Market Street were remodeled (completed in 1965). The first branch office, in Millersburg, opened in 1964 and became the first branch with a drive-thru window. Branches also opened in Ashland (1968), Barberton (1969), Rittman (1972), a drive-thru in downtown Wooster (1974), Cleveland Road in Wooster (1978), and Lodi (1980)[6].

In 1993, Wayne Savings completed a reorganization from a mutual institution to a stock owned company, with the sale of 600,000 shares of common stock to approximately 850 depositors. The stock is traded on the NASDAQ stock exchange under the symbol WAYN[7].

The original building underwent renovations again in 1996-97, and a new financial center opened on Cleveland Road. In 1997, the company changed its name again, this time to Wayne Savings Community Bank.

  • 1930s: Founded on Confidence!

Quick Facts

  • 1899: The Wayne Building and Loan Company is incorporated
  • 1902: Directors vote to purchase lot on corner of North Market and North Streets to build new offices
  • 1903: Building completed
  • 1911: Semi-Annual Statement shows assets over $1,000,000 for the first time
  • 1912: Adjoining lot purchased for expansion of the building
  • 1917: New building addition opened
  • 1961: Company joins the Federal Savings & Loan Insurance Company
  • 1964: Company name changed to The Wayne Savings and Loan Company
  • 1964: Main office remodeled
  • 1964: First branch (Millersburg) opens
  • 1993: Wayne Savings becomes stock owned company
  • 1996-97: Main office remodeled
  • 1997: Company name changed to Wayne Savings Community Bank
  1. ↑ Wayne Savings Community Bank: Celebrating 100 Years, 1899-1999, p.5
  2. ↑ Wayne Savings Community Bank: Celebrating 100 Years, 1899-1999, p.7
  3. ↑ Wayne Savings Community Bank: Celebrating 100 Years, 1899-1999, p.9
  4. ↑ Wayne Savings Community Bank: Celebrating 100 Years, 1899-1999, p.13
  5. ↑ Wayne Savings Community Bank: Celebrating 100 Years, 1899-1999, p.15
  6. ↑ Wayne Savings Community Bank: Celebrating 100 Years, 1899-1999, p.18
  7. ↑ Wayne Savings Community Bank: Celebrating 100 Years, 1899-1999, p.20
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